Reuters: Global Markets: IBM fourth quarter earnings, revenue beat Street

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IBM fourth quarter earnings, revenue beat Street Jan 22nd 2013, 21:52 Tweet Share this Email Print Related News Verizon posts weak fourth-quarter, promises a better 2013 3:21pm EST CORRECTED-UPDATE 4-Verizon eyes mobile margin jump as Q4 disappoints 2:02pm EST Dow, S&P 500 end at five-year highs on early earnings beats Fri, Jan 18 2013 Morgan Stanley upbeat about future profits, performance Fri, Jan 18 2013 As GE profits rise, investors wonder about cash plans Fri, Jan 18 2013 Analysis & Opinion Citi, BofA give investors only reasons to fret Counterparties: Like water for profit Related Topics Investing and Taxes Simplified » Tech » Hot Stocks » Asian Markets » Media » A worker is pictured behind a logo at the IBM stand on the CeBIT computer fair in Hanover February 26, 2011. Credit: Reuters/Tobias Schwarz Tue Jan 22, 2013 4:52pm EST (Reuters) - IBM, the world's largest technology services company, reported fourth-quarter earnings and revenue that beat estimates on the back of growth in emerging markets. International Business Machines Corp said on Tuesday its quarterly net income rose 10 percent to $6.1 billion, or $5.39 a share from $4.71 a year earlier. Revenue dropped 1 percent to $29.3 billion. Analysts had expected the Armonk, New York-based company to report net income of $5.95 billion, or $5.25 a share, on revenue of $29.05 billion, according to Thomson Reuters I/B/E/S. Revenue in Brazil, India, Russia and China increased by 7 percent in 2012, or 12 percent adjusted for currency fluctuations. IBM estimated earnings of at least $16.70 a share for the full year, above analysts' consensus forecast of $16.57. Some analysts said IBM's results were a sign that the tech spending environment was improving. "It is better than what people had feared," said Brian Marshall, an analyst at ISI Group. "Virtually every segment did a little bit better than people expected. It supports the fact that things are getting better out there at least from a tech industry standpoint." (The story corrects period of growth for BRIC countries to "2012" from "the quarter") (Reporting by Nicola Leske; Editing by Richard Chang) Investing and Taxes Simplified Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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